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Canaan ( (CAN) ) just unveiled an announcement.
On May 27, 2025, Canaan Inc. announced a share repurchase program authorized by its board of directors, allowing the company to buy back up to US$30 million of its American depositary shares and/or Class A ordinary shares over the next six months. This initiative is a strategic move to protect shareholder value amidst challenging market conditions, including macroeconomic volatility and new U.S. tariffs, while reinforcing confidence in the company’s long-term growth potential and strategic direction.
The most recent analyst rating on (CAN) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Canaan stock, see the CAN Stock Forecast page.
Spark’s Take on CAN Stock
According to Spark, TipRanks’ AI Analyst, CAN is a Neutral.
Canaan’s financial performance is the most significant detractor, with consistent losses and negative cash flows. Despite positive highlights in revenue growth and product launches, ongoing macroeconomic challenges and strategic caution weigh heavily on the stock’s outlook.
To see Spark’s full report on CAN stock, click here.
More about Canaan
Canaan Inc., established in 2013 and listed on NASDAQ, is a technology company specializing in ASIC high-performance computing chip design, research and development, computing equipment production, and software services. The company is known for its pioneering role in the crypto mining industry, notably for launching the first ASIC-based bitcoin mining machines under the Avalon brand.
Average Trading Volume: 20,875,355
Technical Sentiment Signal: Sell
Current Market Cap: $253.1M
For detailed information about CAN stock, go to TipRanks’ Stock Analysis page.